So how does the algo work? Do you wallet mine? I don't know if i can rent any type of miner for that...

any bounty? or campaign? Why not do a small pre-mine for this type of promotional.

Hashing algo mixes x11 components (like blake, groestl etc) based on timestamp thus making it harder to implement asic. As for premine - well this meant to be fairly lauched coin. Community can support us by mining on our pool which will be available upon launch. We can later use those coins to do some sort of promo campaigns and bounties